December 04, 2024
Hardware-Anchored Security for Accelerated Computing in the New Era of AI Data Centers
SAN JOSE, Calif. – December 4, 2024 – Axiado Corporation, a pioneer in hardware anchored platform security today announced it successfully raised $60 million in an oversubscribed Series C funding round, led by Maverick Silicon with participation from Samsung Catalyst Fund, Atreides Management, and Crosslink Capital. This investment will fuel the company’s rapid growth and continued innovation in AI-driven cybersecurity technologies that are redefining platform security and energy efficiency for accelerated computing in AI data centers.
Axiado’s Trusted Control/Compute Unit (TCU) addresses some of the most pressing challenges in platform security for accelerated computing and AI data center power efficiency. According to the FBI’s Internet Crime Complaint Center (IC3) 2023 annual report the cost of reported cybercrime in the U.S. jumped 22% last year to more than $12.5 billion. Forrester’s recently published 2025 Predictions report for Cybersecurity, Risk, and Privacy projects cybercrime costs to reach multiple trillions globally by 2025. With the escalating frequency of ransomware attacks – more than 2,500 incidents were reported in the first half of 2024 alone, averaging more than 14 publicly claimed attacks daily. The need for robust platform cybersecurity has never been more critical.
Axiado’s AI-driven, hardware-anchored TCU solution provides pre-emptive threat detection and real-time mitigation to combat these escalating digital threats. Additionally, AMD projects the AI data center accelerator market to grow more than 60% annually, reaching $500 billion by 2028. Axiado’s approach to platform security is essential for safeguarding the expanding data center infrastructure as AI technologies permeate cloud computing, data centers, networking, and storage. Read rest here.